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1962 Ferrari 250 GTO hits record $38 million sale at Bonhams' Monterey auction

This weekend's Pebble Beach Concours d'Elegrance brings together some of the rarest and most expensive automobiles in the world onto a tiny peninsula in California jutting out into the Pacific Ocean. But this year, there has been one vehicle on everyone's lips - a 1962 Ferrari 250 GTO. Bonhams put up this incredibly rare Prancing Horse at no reserve for its auction at the Quail Lodge, meaning it could have sold for just a dollar. It didn't though, this ex-Jo Schlesser owned Ferrari sold for a staggering $38.115 million. That makes it the most expensive car ever sold at auction, beating out Bonhams' sale of a Mercedes W196R last year for $29.65 million.
Ferrari only built 39 of these racers, and they have been million-dollar cars for years. One reportedly sold privately for $52 million last year, and one built for Stirling Moss went for $35 million privately in 2012.
While the spectacle of seeing a 250 GTO drive across the auction block with no reserve and then set a record price was certainly amazing, it wasn't the only rare Ferrari up for sale during the evening. Bonhams also handpicked some of the most collectible Ferraris in the world and brought them to the stage. The ten cars included a 1962 250 GT Short-Wheelbase Speciale Aerodinamica that went for $6.875 million, a 1953 250 Mille Miglia Berlinetta driven to racing victory by Phil Hill for $7.26 million and even a 1978 312 T3 Formula One car for $2.31 million. All told, the group of them sold for $65.945 million.

Ferrari names new F1 car F138

Don't call it the F150. Ferrari has officially announced it will name its newest Formula One car the F138. The machine is the 59th car Ferrari has built to compete in F1, and it's also the last of the company's F1 efforts to rely on a high-strung V8 for propulsion. F1 rules have changed for next year, forcing competitors to use smaller cylinder counts to get around the track. Ferrari has already said it will use a 1.6-liter turbocharged V6 to do its dirty work. That moves brings an end to the eight-year reign the V8 enjoyed.
Ferrari isn't saying much more about the 2013 car, and the only image we have to go on at the moment is the logo you see above. Stay tuned for more information, and in the interim, be sure to check out the painfully brief press release below.

LaFerrari XX may have lapped N?rburgring in 6:35

Enthusiasts around the world - ourselves included - have been anxiously awaiting the ultimate supercar showdown. After all, we seldom see three of the world's preeminent exotic automakers come out with such closely matched machinery in such close proximity as we have with the Porsche 918 Spyder, McLaren P1 and Ferrari LaFerrari. That showdown could occur on no better a playing field than the Nürburgring, but the automakers haven't exactly been playing ball.
Porsche set down a lap time of 6:57, staking its claim as the fastest street-legal production car ever to lap the vaunted Nordschleife. Rather than challenge Zuffenhausen head-on, though, McLaren has only said that the P1 has clocked a time of under seven minutes, and though Ferrari has been testing the new LaFerrari at the Ring, it hasn't released any official time at all. Maranello may, however, be preparing to announce an even faster time.
According to word we're receiving from across the pond, Ferrari has clocked a lap time of 6:35 - only it wasn't achieved in the road-going LaFerrari, but in the upcoming track-bound LaFerrari XX. That model, which was just confirmed and spied last week, will follow in the footsteps of the Enzo-based FXX and the 599XX, which itself recorded a lap time of 6:58 in 2010. Because it's not street-legal, it didn't contend for the same honors, and within a couple of months was pipped on the leaderboard for non-street-legal vehicles by the Pagani Zonda R by over ten seconds.